First Hawaiian Closes Public Stock Offering

First Hawaiian Inc. announced today that the underwriters of its previously announced public offering of 25,000,000 shares of common stock have fully exercised their option to purchase an additional 3,750,000 shares of its common stock at $32 per share.

The shares were sold by an affiliate of BNP Paribas, First Hawaiian ’s parent. The exercise of the underwriters’ option closed on Feb. 17, 2017.

Goldman, Sachs & Co., BofA Merrill Lynch, J.P. Morgan and BNP PARIBAS, Barclays, Citigroup, Credit Suisse and Deutsche Bank Securities acted as the joint book-running managers and underwriters for the proposed offering.

Keefe, Bruyette & Woods acted as lead manager and underwriter for the proposed offering.

The prospectus relating to the offering may be obtained from:

• Goldman, Sachs & Co., Attention: Prospectus Department, 200 West St., New York, NY 10282, by phone at (866) 471-2526 or by email at [email protected]
• BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College St., 3rd Floor, Charlotte, NC 282001, by email at [email protected]
• J.P. Morgan, Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, or by calling 866-803-9204
• BNP PARIBAS by phone at (888) 860-5378

A registration statement relating to the First Hawaiian’s common stock has been filed with, and declared effective by, the Securities and Exchange Commission.

First Hawaiian Inc. (NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.